Industrial Production Contracts For 14th Straight Month - Longest Non-Recessionary Streak In 96 Years

Tyler Durden's picture

Industrial Production fell year-over-year for the 14th straight month - the longest period of contraction without a recession in 96 years. Against expectations of a small 0.2% rise in October, Industrial Production was unchanged (and manufacturing missed expectations).

 

This is the biggest 2 year decline in industrial production since August 2008...

 

Furthermore, US equity markets have plunged to economic reality twice in the last 2 years...

 

Is this the third time?

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abyssinian's picture

Trump will save the day!  he will borrow at 10% to build that road and airport we all wanted desperately.  While Yellen will print even more money... Everything will be great again! 

 

FreeShitter's picture

Just BTFD all the way to 30k and beyond.....dont mind the avg home will cost 500,000 soon and F250's will be approaching 100k with 10 year loans available.

Haus-Targaryen's picture

We are in the final bubble.  

Rainman's picture

I didn't shitcan my excess inventory of Dow 10k hats for this very reason.

FreeShitter's picture

Been hearing that for years, these satanic fucks have too many tricks it appears....how many demons can the summon to keep this shitshow going? I hope it's the final one....I really do.

adr's picture

I laughed when I saw the pricing on the new Honda Civic. What used to be an economy car under $15k now starts above $20k with any options and goes above $35k optioned out.

You can spec out a Honda Civic that costs more than an entry level BMW, Audi, or Mercedes.

That's just fucked up beyond comprehension.

Hal n back's picture

its not a problem as long as people can borrow to "buy" the car.

 

from a cpi perspective, the price rise is all "improvements".

 

small axe's picture

1975

Corvette, $4500, brand spanking new

Chevy Blazer, $4000...

all hail the Fed!

FreeShitter's picture

Used car prices where I live are a joke....3 -4 year old cars have barely dropped in value at the stealership. 

Perimetr's picture

"Non-recessionary"???

Out here in the fly over country, looks more like a depression to us deplorables

Bay of Pigs's picture

Moar Green Shoots!

GunnerySgtHartman's picture

That got sprayed with US Government-issued Roundup.  lol

wmbz's picture

The e-con-no-me is in great shape according to PMSNBC this A.M.

Of course after Jan. 20th. all things will be shit according to PMSNBC!

LawsofPhysics's picture

Real production requires real resource consumption.

Diverting the consumption of real resources to such productive efforts can be difficult if it is being used to keep hundreds of millions of useless eaters alive.

 

Same as it ever was...

Hedge accordingly.

adr's picture

We all know the economy is shit. People are just playing their roles, barely doing anything at all. Millions of millennials are going to waste the next 60 years crying about how unfair everything is and how they deserve an equal share.

The only pillar standing is the artificial price levels of worthless stocks. Rampant earnings fraud is keeping the stock market up, but eventually like fractional Hillary votes, you can't take the percentage about 100% and it too will fall apart.

I've always wondered how you can have a market that is worth $2 billion in sales and have three of the major companies that sell into that market be worth over $100 billion combined. That just doesn't make much sense.

Darktarra's picture

The sooner this lie ends and we crash, the better for us all! 

Baby Eating Dingo22's picture

ZH and Trumpeteers. The Industrial Age for US has passed.

 

Those manufacturing jobs aren't coming back in a techno age

Developed US has higher standards than the 3rd world countries

Can't and DO NOT WANT TO COMPETE with countries that have no regulation to protect workers or environment and their workers live in shacks. We had our trials and tribulations. Burning rivers and Asbestos poisoning are in the past Accept these facts and you'll live a more fruitful life

Paul E. Math's picture

USA can absolutely compete in manufacturing.  

And there are plenty of people who would be happy to accept blue-collar manufacturing jobs IF home prices were reasonable such that a blue-collar wage afforded a decent standard of living.

Also, if global interest rates weren't kept artificially low, labor might stand a chance in competing with labor-saving, capital-intensive equipment.

hxc's picture

THIS. I work in mfg technology and it is so true.

skunzie's picture

Attention all ZH readers,  save this article for the future.  Demoncrats will try to use this against Trump in the future.  When they do, print this off with the date highlighted to show it started during the Obozo years.

Snout the First's picture

I guess the liberals are just incapable of understanding that we have neither the industrial base nor the tax base to fund all their darling social programs. Let alone let in millions more takers every year.

esum's picture

but but but unemployement is only 4.9% (hahaha with 94 million folks unemployed)

and the consumer who makes up 70% of the "economy" is 105% in debt and growing 

and the federal govt backed by joe sixpacks is 23 TRILLION in debt  and interst rates are RISING

whcih means the market will FALL and how will these corporations meet ERISA pension funding requirements 

of course from r+d and capex and cash flow (dividends)... and laying people off and moving to a lower tax country... 

sounds like a winner to me

TRUMP WILL BOOST THE DEBT BY 5 TRILLION TO FUND INFRASTRUCTURE AND DEFENSE AND HOPE THAT THE EMPLOYMENT AND SPENDING WILL KICK IN QUICK ENOUGH TO REVIVE THE ECONOMY FAST ENOUGH TO PRODUCE A POSITIVE RESULT.... THE REPUBS AND LIBTARDS WILL FIGHT HIM TOOTH AND NAIL TO MAKE IT FAIL.... 

SO AUDIT THE FED AND DETERMINE THAT IT SHOULD BE CANCELLED AND LET THE TREASURY PRINT ITS OWN MONEY.... REV IT UP.... THAT IS WHEN HE WILL BE JFKed ...